30 Apr 2015
EUR/USD returns to 1.1180
FXStreet (Edinburgh) - The European currency is now shedding some of its early gains vs. the greenback, with EUR/USD easing to the mid-1.1180s.
EUR/USD focus on US docket
With the mixed results from the euro docket already behind, the pair will look to the US data releases, as the weekly report on the labour market, personal spending/income and PCE are all due later. Following the data-dependent stance by the Fed remarked un yesterday’s meeting, the publications have grown in importance in light of the potential timing of a rate lift-off by the Federal Reserve.
Previously, the unemployment rate in the euro are remains at high levels at 11.3% during March, while consumer prices came in flat, leaving the negative territory.
EUR/USD key levels
At the moment the pair is gaining 0.47% at 1.1181 with the initial hurdle at 1.1250 (high Apr.30) ahead of 1.1280 (76.4% of 1.1534-1.0457) and finally 1.1307 (100d-MA). On the flip side, a breakdown of 1.1152 (daily cloud top) followed by 1.1072 (low Apr.30) and then 1.0960 (low Apr.29).
EUR/USD focus on US docket
With the mixed results from the euro docket already behind, the pair will look to the US data releases, as the weekly report on the labour market, personal spending/income and PCE are all due later. Following the data-dependent stance by the Fed remarked un yesterday’s meeting, the publications have grown in importance in light of the potential timing of a rate lift-off by the Federal Reserve.
Previously, the unemployment rate in the euro are remains at high levels at 11.3% during March, while consumer prices came in flat, leaving the negative territory.
EUR/USD key levels
At the moment the pair is gaining 0.47% at 1.1181 with the initial hurdle at 1.1250 (high Apr.30) ahead of 1.1280 (76.4% of 1.1534-1.0457) and finally 1.1307 (100d-MA). On the flip side, a breakdown of 1.1152 (daily cloud top) followed by 1.1072 (low Apr.30) and then 1.0960 (low Apr.29).